On Wednesday, November 23rd, Stephen Andrew Cohen, an insider at Palantir Technologies Inc. (NYSE: PLTR), sold 79,761 shares of the company’s stock. The stock was sold for a total profit of $578,267.25 at an average price of $7.25 per share. The transaction resulted in the corporate insider acquiring 592 shares of the firm, each of which is currently valued at around $4,292 at the current market price. You may learn more about the transaction by reading the report submitted to the Securities and Exchange Commission (SEC), which you can do by following the link provided below.
Additionally, Stephen Andrew Cohen just recently finished the following transaction(s):
The price of PLTR stock increased by $0.15 during Wednesday’s trading session, reaching $7.37. A total of 24,122,981 shares of the company’s stock were moved, with an average volume of 43,111,715 shares traded. Palantir Technologies Inc. has seen its share price go as low as $6.44 and as high as $21.40 over the past year. The firm’s market capitalization is $15.33 billion; it has a price-to-earnings ratio of -26.39, and a beta of 3.10. The moving average price for the company over the past 50 days is $7.96, and the moving average price over the past 200 days is $8.54.
Recently, PLTR has attracted the attention of several different research companies. The price objective that Deutsche Bank Aktiengesellschaft has set for the share of Palantir Technologies has been lowered from $8.00 to $7.00, as stated in a report released on Tuesday, November 8th. The analysts at Credit Suisse Group lowered their price objective on shares of Palantir Technologies to $11.00 in a research note published on August 15th. Raymond James lowered their price objective on Palantir Technologies from $20.00 to $15.00 and set the stock at a “strong-buy” rating in a report released on Tuesday, November 8th. Royal Bank of Canada lowered their price objective on Palantir Technologies shares from $6.00 to $5.00 and set the stock to an “underperform” rating in a report published on Monday, November 7th. In a report published on Thursday, October 20th, Morgan Stanley lowered their price target on shares of Palantir Technologies from $11.00 to $10.00 and gave the stock an “equal weight” rating. Three equity research analysts have given the stock a rating of “sell,” four have given it a rating of “hold,” three have given it a rating of “buy,” and one has given it a rating of “strong buy.” According to Bloomberg, the stock is given an average recommendation of “Hold,” and a price objective of $12.00 is considered the consensus price target.
Recent events have resulted in significant institutional investors changing their stock holdings. During the first three months of 2018, Russell Investments Group Ltd. boosted the percentage of its ownership in Palantir Technologies by 52.9%. After purchasing an additional 51,588 shares during the most recent quarter, Russell Investments Group Ltd. now has 149,117 shares of the company’s stock, worth $2,046,000. During the first three months of 2018, Herold Advisors, Inc. expanded its portfolio by purchasing a new investment in Palantir Technologies with an approximate value of $35,000. During the second quarter, Handelsbanken Fonder AB invested about $1,600,000 in acquiring a new holding in Palantir Technologies. During the first three months of 2018, Banque Pictet & Cie SA acquired an additional 2.8% of Palantir Technologies’ shares. Following the acquisition of 9,050 more shares during the preceding quarter, Banque Pictet & Cie SA now holds 329,837 shares of the company’s stock, which has a value of $4,529,000. Finally, during the first quarter, Circle Wealth Management LLC boosted the percentage of Palantir Technologies in which it is invested by 24.7%. Circle Wealth Management LLC now owns 98,000 shares of the company’s stock after purchasing an additional 19,380 shares during the recent last quarter. The value of the company’s stock held by Circle Wealth Management LLC is $1,346,000. The stock of the company is owned by hedge funds and other types of institutional investors to the tune of 30.80%.
Palantir Technologies, Inc. designs and implements software systems that assist the United States Intelligence Community in the conduct of investigations and operations relating to counterterrorism. Users of the software platform known as Palantir Gotham are given the ability to unearth previously concealed patterns in a variety of datasets, including signal intelligence sources and confidential informant reports, amongst others. It does this by easing the handoff between analysts and operational users, which in turn helps operators in the process of planning and carrying out reactions in the real world to risks recognized within the platform.